Generation Z is one of the age groups that is rarely discussed in the popular media. This group includes people born between 1997 and 2012. With the advent of low cost brokerage firms like Wealthsimple, DIY investments are very popular with these individuals. However, it can be very difficult for an investor who is not taught how to invest to choose the right company. Therefore, this article aims to identify three companies that are suitable holds for Gen Z investors.
Start with proven, high-growth stocks
Shopify (TSX: SHOP)(NYSE: SHOP) This is the first stock that Gen Z investors should consider holding in their portfolio. Yes, it has grown significantly since the IPO. But the company is far from ending its growth. Investors will be very successful in maintaining this company, although they may not get 10x returns in the next 10 years. The e-commerce industry accounted for approximately 4% of Canada’s total retail sales in 2019. By 2020, e-commerce accounted for more than 11% of Canada’s total retail sales. Expect Shopify to benefit significantly as the industry continues to grow.
From an economic point of view, Shopify is a monster. In 2020, the company recorded revenues of over $ 2.9 billion. That’s an 86% increase in total revenue in 2019. So far, in 2021, Shopify reported two-quarters of its revenue. In the first quarter, the company reported quarterly revenue growth of 110% year-on-year. In the second quarter, Shopify saw a 57% year-on-year increase.
Importantly, the second quarter was the first quarter of 2020, with a significant increase in revenue from the COVID-19 pandemic. Already set record numbers in the second quarter of last year, Shopify is demonstrating its ability to continue to grow.Finish in 1st and 2nd place TSX30 ranking In 2020 and 2021, respectively Shopify is top stock It is expected to grow over the years.
Another company ready to grow with the e-commerce industry
Nuvey (TSX: NVEI) This is the second company that Gen Z investors should consider holding. The company has been a top stake since the first day of trading, closing the largest tech IPO in Canada’s history. Since then, Nuvei’s share price has risen 272%. Like Shopify, Nuvei is poised to grow with the emerging e-commerce industry. Although it does not offer an e-commerce platform, it provides merchants with the ability to complete online transactions and provide exposure to the online retail industry.
Nuvei, a small company, has already succeeded in establishing an impressive global presence. The platform is used in more than 200 global markets, accepts 470 payment methods and is compatible with 150 currencies and 40 cryptocurrencies. Nuvei has succeeded in implementing a growth plan through an aggressive M & A strategy. Valued at a market capitalization of $ 25 billion, the stock is expected to grow a lot.
The medical industry is changing rapidly
Another industry that is undergoing many changes today is the healthcare industry. More specifically, the telemedicine industry has become much more popular as a result of the COVID-19 pandemic. Economists predict that the industry will grow at a CAGR of 26.5% from 2021 to 2026. Well Health Technologies (TSX: WELL) You can see the big profits from here.
WELL Health operates 74 primary health clinics in Canada and two in the United States. In addition, the company’s EMR network has more than 2,800 clinics. In the second quarter of 2021, WELL Health confirmed visits to more than 559,000 omni-channel patients. WELL Health, headed by Hamed Shabahzi, plans to grow through strategic acquisitions and mergers. Using this handbook, the company successfully expanded into the United States last year. Expect further growth from Well Health in the coming years.
This article represents the opinion of a writer who may disagree with the “official” recommendation position of the Motley Fool Premium Services or Advisors. We are Motley! Asking investment treatises, even our own treatises, can help you think critically about your investment and make decisions to be smarter, happier, and richer. As a result, we may publish articles that may not match recommendations, rankings, or other content. ..
Stupid contributor Jed Lloren I own a stake in Shopify. Motley Fool owns a stake in Shopify and recommends Shopify. The Motley Fool recommends Nuvei Corporation and recommends the following options: A long January 2023 Shopify call costs $ 1,140 and a short January 2023 Shopify call costs $ 1,160.
Three Growth Stocks for Gen Z Investors
https://www.fool.ca/2021/09/20/3-growth-stocks-for-gen-z-investors/ Three Growth Stocks for Gen Z Investors